DEBT CONSOLIDATION SAMPLE LETTERS FOR FREE · PDF fileDEBT CONSOLIDATION SAMPLE LETTERS FOR...

DEBT CONSOLIDATION SAMPLE LETTERS FOR FREE
Written to Creditors, Credit Bureau or Collection Agency in various credit situations.
BY Jason Holmes (http://www.debtconsolidationcare.com)
In Collaboration With
Peter Samuels (DEBT SAMARITAN)
2005-2009 debtconsolidationcare.com 1
http://www.debtconsolidationcare.com/http://www.debtconsolidationcare.com/samaritan/

INDEX Srl Topic Page
1 Acknowledgements 4
2 About Debtconsolidationcare.com 5
3 Contact Credit Companies 6
4 Follow up Credit Companies 7
5 Request for buying Credit Cards 8
6 Verification Request to Credit Bureaus 9
7 Santa Cruz Resident Full payment Letter 10
8 Debt Validation 11
9 Follow up debt collection agency 12
10 Follow up Credit bureau 13
11 Request to stop contact 14
12 Request for Credit Denial Reasons 15
13 Request for name removal from mailing list 16
14 Request for removal of listing 17
15 Request for removal of wrong information 18
16 Request removal of inquiry from credit report 19
17 Request for Debt Verification 20
18 Notice of intent to file a lawsuit 21
19 Unsolicited offer to the Creditor 22
20 Counter Offer for Debt Settlement 24
21 Offer Letter with alternate Payment Strategy 26

22 Acceptance of verbal offer for Debt Settlement 27
23 Debt Settlement Agreement to compromise debt 29
24 Request for updating of Bankruptcy Account 31
25 Request for Credit File 32
26 Copyright Alert 33

Acknowledgements The author of this E-Book, Peter Samuels is a Debt Samaritan from the debt consolidation care site. He is a Financial Consultant by profession and a visiting consultant for other financial sites. Inspired by the vision of the debt consolidation care team, of building a debt free community in the near future, he has volunteered gladly to be a part-taker of this noble mission. His contributions are dedicated to guide the general masses who are suffering from debt and financial problems. Edited by Jason Holmes, who is a regular writer with the debt consolidation care team and a contributory writer for other financial sites. Conceptualized by Denny Mathew who is the admin and an integral part of the debt consolidation care team.
Back to Index

About Debtconsolidationcare.com
Debt Consolidation Care is a premium quality website rendering its members with debt consolidation solutions along with free financial analysis and counseling. The site offers resources & guidance on debt related issues. Experienced credit counseling is arranged to analyze the best solution for every debtor, keeping in mind their present financial status. The Article section in the site offers you a wide range of informative articles. Important synopsis on American State Laws & their proceedings are also helpful. Do It Yourself guides the debtors to plan a budget, assess financial limits & consolidate debts, without the help of a debt consolidation company. A step by step guidance on bad credit repairing is also available in the site. Creditors database comprises of creditors information across all the States of America. There is also a varied range of sample letters written to the creditors for your requirements. A smart Reduction Calculator calculates the total debt amount & savings you are likely to have if you opt for debt consolidation. The forum is a joint for open discussions and useful advice on any debt related issues. It is also a place to chill out with mutual conversations between friends. The customers are handled with immense care and are rendered with prompt services and useful solutions. The pivotal vision of debt consolidation care is to build a debt free community in the very near future.
Back to Index

Contact Credit Companies Time comes when you might need to talk to your creditors and ask them if they can work out on an alternate payment plan for you. You might also need to reduce your interest rates and debts as well. It is important to convince them and let them understand your problem so that they can take a step. Company Name: Address: Date: Re: Your account no Dear Sir/ Madam, I am presently going through some financial difficulties and fear that I will not be able to meet my monthly payments to you. I do not want to declare bankruptcy and want to try and work out an alternate payment plan so that I dont have to default on this debt. I would like to suggest a strategy if it is acceptable. If you could close my account, waive the interest payments and accept a new balance of (50% or whatever you propose) of what I currently owe, then I can afford to make a monthly payment of $_____. (Relate your financial trouble, only as much is required for official purposes) I am sure you will agree to the situation which has caused this fallout. Please feel free to have one of your representatives call me and work out the final strategy. If you feel, you cant adjust the payment plan; I would be forced to default on this account. I intend to pay creditors who can work for me. Thanks for your cooperation, Sincerely, Your Signature Your Name
Back to Index

Follow up Credit Companies This letter is meant for those who have created a contact with the credit bureau but not getting the expected results. Time has come when you need to follow up the matter and pose serious threats to them. Please don't forget to keep a copy of this letter with you and make it a point to send the letter by registered mail.
Your name: your address:
Credit Bureau's name: Address:
Date:
Re: Dispute letter of [your account no.] Dear Sir/Madam, It is a formal notice to remind you that you have forgotten to respond to my earlier dispute letters, [date]. I am enclosing herewith all the copies of those letters and the return receipt signed by you, [date].
According to federal law you should have responded within 30 days of the receipt of my letter. But it has crossed the allowed limit and you are presently in violation of the Fair Credit Reporting Act. I am maintaining all records of our correspondence for help during an FTC investigation into the matter.
I do understand that you receive a huge volume of letters everyday and so my letter could have been misplaced. If that is the case, I am sure you will be able to sort it out early. For your convenience I am sending copies of my original request and the proof of the inaccurate item placed on my credit report.
Thus the following information must be verified and removed from my credit report at the earliest.
Creditor agency, [account no.]
Sincerely, Your Signature Your Name Your Address
Back to Index

Request for buying Credit Cards In order to get your credit report you can either place order online or mail them about it. It is important to check the rules of your state so that you can be saved. Name of the Credit Bureau: Address: Date: Dear Sir/Madam, This is to request for a copy of my credit report maintained in your credit database. Your Full Name: Your Birth Date: Your Social Security Number: Your Current address: Your Former address: I have enclosed herewith a check for $____, a photocopy of my driving license as proof of my address and a photocopy of my Social Security Card. Please send me the credit report at the earliest. Thank you, Yours sincerely, Your Name Your Address Enclosure:
Back to Index

Verification Request to Credit Bureaus If the credit bureau comes with a verified response when you dispute a negative mark, then a letter should be sent to them. It is your responsibility to ask for the information regarding this. Keep a copy and send the letter to the concerned person.
Companys name: Companys address: Date: Credit Bureau Credit Bureau address:
Dear Sir/Madam,
I have recently received a verified response to my request of validating the credit report. But the disputed item still remains. This is a formal request asking you for the description of the procedures adopted to verify the claims. I would also like to request for the business names, addresses and phone numbers of the people who have been contacted for the process. This request is my right according to the Fair Credit reporting Act.
It is highly disappointing to find a credit bureau not following the procedures and not maintaining the accuracy norms. I would like you to comply with the laws and furnish me the information asked for within the provisional 15 days.
I am resubmitting my request to fasten the reinvestigation and verification processes.
Name of the Creditor/agency/account number:
Here, state the reasons for disputing this negative mark.
Sincerely,
Your Signature Your Name Your Address
Back to Index

Santa Cruz Resident Full payment Letter Date: Re: Account No.
Dear Sir/Madam,
In response to the bills sent by you stating the amount of money I owe you, I'm sending you this letter mentioning the exact amount of money I actually owe you. I have received all your bills for the last four months where you have stated that I owe you $500 for the painting you had delivered to me. The shoddy and inferior framing of the painting along with poor

DEBT CONSOLIDATION SAMPLE LETTERS FOR FREE · PDF fileDEBT CONSOLIDATION SAMPLE LETTERS FOR...

Documents

Transcript of DEBT CONSOLIDATION SAMPLE LETTERS FOR FREE · PDF fileDEBT CONSOLIDATION SAMPLE LETTERS FOR...